RBI's Net Forex Purchases Reach $43 Billion in August
The Reserve Bank of India made a net purchase of $43.26 billion in the foreign exchange market in August to manage large dollar inflows from the FCNR(B) scheme and overseas borrowings. Despite this, forex reserves remained stable due to significant forex sell/buy swaps. By August 31, these measures attracted over $127 billion, supporting RBI operations.
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